Published on February 16, 2011
Shares & types of shares: Shares & types of shares Aishath Eaman MA-13 What are shares?: What are shares? Shares are the capital of a company divided into different units with a definite value. Slide 3: Shares are sold to the public for raising share capital. Shareholders choose who runs a company and are involved in making key decisions. Types of Shares: Types of Shares The 3 main types of shares a company may have are: Equity Shares / Ordinary Shares Preference Shares Deferred Shares Equity shares/ Ordinary shares: Equity shares/ Ordinary shares These shares are standard shares with no special rights or restrictions. Equity shares will get dividend and repayment of capital. Preference Shares: Preference Shares Shares which enjoy the preferential rights as to dividend and repayment of capital in the event of winding up of the company are called preference shares. Deferred Shares : Deferred Shares Deferred shares are a form of stock that is sometimes issued to key people within the issuing company. Usually, executives or directors of the company are eligible to receive deferred shares of stock Companies in Maldives that issues shares : Companies in Maldives that issues shares Currently four companies are listed on the Maldives Stock Exchange Maldives Transport and Contracting Company Plc (MTCC) Bank of Maldives Plc (BML) State Trading Organization Plc (STO) Maldives Tourism Development Corporation (MTDC) Maldives Transport and Contracting Company Plc (MTCC) : Maldives Transport and Contracting Company Plc (MTCC) MTCC's authorized and issued share capital is RF 12,500,000 of which 52.5% is held by Government of Maldives represented by Ministry of Finance & Treasury, 7.5% is held by Maldives Shipping Limited and 40% is held by general public of Maldives. Bank of Maldives Plc (BML) : Bank of Maldives Plc (BML) The Bank of Maldives Plc issued shares during 1993, 1994, 1995, 1996, 1997, 1998 and 2007. In 2007, Memorandum and Articles of Association of the bank was revised and the capital of the bank was increased from Rf 300 million to Rf 800 million. The face value of BML shares stand at Rf 50/-. STATE Trading Organization Plc (STO) : STATE Trading Organization Plc (STO) State Trading Organization Plc (STO) is today a public limited company with over 90% shares of the Maldivian government and falls under the auspices of the Ministry of Economic Development & Trade. Maldives Tourism Development Corporation (MTDC) : Maldives Tourism Development Corporation (MTDC) MTDC envisions each and every Maldivian citizen to become a shareholder of the company. In order to make this a reality the shares were issued at MRF 100.00 or USD 7.78. Each individual / entity were limited to purchase up to 1000 share per person. THANK You!: THANK You!